Castrol India shares rose as a lot as 7.10 per cent to hit an intraday excessive of Rs 134.15.
Shares of lubricant oil maker – Castrol India – rose as a lot as 7.10 per cent to hit an intraday excessive of Rs 134.15 on the BSE a day after it reported March quarter earnings. Castrol India’s web revenue after tax rose 95 per cent to Rs 243.6 crore in quarter ended March 2021 from revenue of Rs 125.2 crore throughout the identical quarter final 12 months.
Castrol India’s income from operations superior 66 per cent to Rs 1,138.7 crore from Rs 688 crore in the identical interval final 12 months.
“The company has considered the possible effects that may result from the pandemic relating to COVID-19 in the preparation of the financial results including the recoverability of carrying amounts of financial and non-financial assets,” Castrol India mentioned in a inventory change submitting.
“In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of the pandemic, the Company has, at the date of approval of the financial results, used internal and external sources of information and expects that the carrying amount of these assets will be recovered. The impact of COVID-19 on the financial results may be different from that estimated as at the date of approval of these financial results,” Castrol India added.
As of 12:15 pm, Castrol India shares traded 2.71 per cent larger at Rs 128.65, outperforming the Sensex which was up 0.95 per cent.
